Azernews.Az

By Trend

Iran's Energy Minister Reza Ardakanian has defended the agreement to form a free trade zone between Iran and the Eurasian states, and asked the parliament to pass the bill immediately.

"The Eurasian Economic Union (EEU) is a single market of 190 million people and the most important and active economic union. The GDP of its member states is $4,000 billion. Russia alone has imported $250 billion worth of goods and products from around the world," said Ardakanian, Trend reports citing ILNA.

A temporary agreement previously reached on formation of a free trade zone with Iran was concluded in a summit meeting of the Eurasian Economic Union (EEU) in St. Petersburg.

"Vietnam is the only country that joined the free trade agreement with the EEU and the second country will be the Islamic Republic of Iran. It tries to join the economic union before the next meeting of the Iran-Russia economic commission," he said.